SPNV - Can iBuyers Win in a Hot Real Estate Market?
The real estate market in the United States is very hot right now, and it might seem like that would be a bad thing for iBuyers like Offerpad and its peers. After all, one of the biggest advantages of selling your home directly to a company is that you can control the timeline and get an all-cash offer -- things you can likely do right now on the open market.
Despite the less-than-ideal conditions for its business, Offerpad, which is set to go public through a SPAC merger with Supernova Partners Acquisition (NYSE: SPNV) , recently reported excellent growth in its second quarter. In this Fool Live video clip, recorded on Aug. 23 , Offerpad CEO Brian Bair sits down with Fool.com contributor Matt Frankel, CFP, to discuss how iBuying can thrive in any real estate market -- including this one.
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Can iBuyers Win in a Hot Real Estate Market?